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Real Estate Forum on Green Buildings In Mumbai

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Q: What is the current status on fast-track construction projects in Maharashtra? Are the developers getting any advantage because of the policy?
Latest Answer: Maharashtra government’s offer of fast-track construction projects by 18 months has got poor response. This offer is a failure if builders go for a green building certification process.Union ministry of environment and forests (MoEF) guidelines has made it clear that every project that involves construction of 20,000 sq mt and investment of Rs.5 crore or more needs green clearance from the state government’s environment ministry.Furthermore, to ease developers’ pain, state government had announced in August 2011 that projects with a green building certification would be given priority, helping builders to reduce the SEAC waiting time.
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